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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-08-30T14:37:00
Federal banking regulators continue to put forward proposed rulemaking after a series of mid-sized bank failures earlier this year exposed apparent gaps in the U.S. regulatory system.
The Federal Deposit Insurance Corporation (FDIC) announced three requests for comment Tuesday regarding rule proposals and guidance largely aimed at curbing the risk of contagion in the event of a massive bank failure, like the ones that occurred at Silicon Valley Bank, Signature Bank, and First Republic Bank in the spring.
The first notice of proposed rulemaking would strengthen the existing resolution planning requirements for insured depository institutions with at least $100 billion in total assets. The proposal would require a resolution submission from covered institutions every two years, with resolution plans expected to incorporate lessons learned from previous plan reviews, among other information.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-09-18T13:42:00Z By Aaron Nicodemus
Federal banking regulators approved a new rule for bank mergers that will require additional scrutiny of mergers for antitrust issues for large and mid-sized banks.
2024-03-04T19:24:00Z By Aaron Nicodemus
New York Community Bancorp, a mid-sized bank struggling with precarious commercial loans and troubles with its acquisition of the failed Signature Bank last year, named a new chief risk officer and chief audit executive.
2023-10-25T18:32:00Z By Aaron Nicodemus
Federal banking regulators issued a long-promised framework that provides guidance on the safe and sound management of climate-related financial risks at large banks.
2024-11-25T19:18:00Z By Aaron Nicodemus
The Department of Justice has added antitrust compliance guidance in an update to its Evaluation of Corporate Compliance Programs.
2024-11-25T18:30:00Z By Aaron Nicodemus
Change is likely coming to the Securities and Exchange Commission’s enforcement priorities with the pending handover of the White House to Republican President-elect Donald Trump. Adjust your compliance priorities accordingly.
2024-11-22T14:17:00Z By Adrianne Appel
Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare and Medicaid Services, has a mandate from Trump to “take on the illness industrial complex” and to cut costs.
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